Thursday, 22 October 2020

Four years vacant: Landlord offers dire outlook for Soho building

Four years ago this month, a shoe shop left the prime retail space of 518 Broadway. It’s been vacant ever since. Some of the lofts on the four upper floors have sat empty as well. The longtime owners of the Soho building, Jack and Rina Cywiak of Lakewood, New Jersey, say they have had offers for the unoccupied space, but at rents so low that they would still be losing money. Instead, they collect nothing.



source https://therealdeal.com/2020/10/22/four-years-vacant-landlord-offers-dire-outlook-for-soho-building/

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